Well this is huge, time to warn the guys to dump.

It's not that huge. The main thing that got deflated here was the hype about MW being a strong privacy technology when in fact it has always been weak privacy with some other benefits, and sober (non-hype) review and analysis has said that all along.
Then again, I guess given the level of hype with this one (more than most, to say the least), deflating that could indeed be seen as somewhat huge.